Tokyo Metro Co (TSE:9023) Scaled Net Operating Assets: 0.86 (As of Mar. 2026)


TSE:9023 Tokyo Metro Co Ltd TSE:9023
9 GF Score
Price 円1,490.00
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What is Tokyo Metro Co Scaled Net Operating Assets?

Tokyo Metro Co TSE:9023 +0.47% 9 Scaled Net Operating Assets is 0.86 as of Mar. 2026. GuruFocus rates TSE:9023 with a GF Score™ of 9/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tokyo Metro Co's operating assets for the quarter that ended in Mar. 2026 was 円1,978,888 Mil. Tokyo Metro Co's operating liabilities for the quarter that ended in Mar. 2026 was 円240,920 Mil. Tokyo Metro Co's Total Assets for the quarter that ended in Dec. 2025 was 円2,014,473 Mil. Therefore, Tokyo Metro Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.86.


Tokyo Metro Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Tokyo Metro Co's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tokyo Metro Co Scaled Net Operating Assets Chart

Tokyo Metro Co Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
0.84 0.85 0.86 0.86

Tokyo Metro Co Quarterly Data
Mar23 Jun23 Sep23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.86 0.87 0.86 0.86

TSE:9023 vs UNP, CSX, NSC: Scaled Net Operating Assets Comparison

For the Railroads subindustry, Tokyo Metro Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tokyo Metro Co Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Tokyo Metro Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Tokyo Metro Co's Scaled Net Operating Assets falls into.


TSE:9023
9GF Score
Tokyo Metro Co Ltd TSE:9023
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyo Metro Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tokyo Metro Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(1978888-240920)/2029745
=0.86

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2047168 - 68280
=1978888

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1312419 - 1027833 - 43666
=240920

Tokyo Metro Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1978888-240920)/2014473
=0.86

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2047168 - 68280
=1978888

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1312419 - 1027833 - 43666
=240920

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.86 mean?
Tokyo Metro Co (TSE:9023) has a Scaled Net Operating Assets of 0.86 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tokyo Metro Co and its competitors.
Is Tokyo Metro Co's Scaled Net Operating Assets too high?
Tokyo Metro Co's current Scaled Net Operating Assets is 0.86. Overall, Tokyo Metro Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Metro Co's Scaled Net Operating Assets compare to UNP and CSX?
Tokyo Metro Co's Scaled Net Operating Assets of 0.86 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tokyo Metro Co and its competitors. Tokyo Metro Co's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Metro Co stock overvalued right now?
Tokyo Metro Co (TSE:9023) has a current Scaled Net Operating Assets of 0.86. The current Scaled Net Operating Assets is 0.86. Tokyo Metro Co's overall GF Score™ is 9/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Tokyo Metro Co (TSE:9023), the current Scaled Net Operating Assets is 0.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tokyo Metro Co Business Description

Other Exchanges TKMTY:USAXO7:Germany
Address 19-6 Higashiueno 3-chome, Taito-ku, Tokyo, JPN, 110-8614
Tokyo Metro Co Ltd is engaged in the transportation, real estate, distribution, and advertising businesses. The Transportation segment operates and manages a subway network of nine lines mainly in the Tokyo metropolitan area. The Real Estate segment develops and rents office buildings and hotels, such as Shibuya Mark City, along railway lines. The Distribution and Advertising segment operates commercial facilities like Echika at subway stations and handles advertising within stations and trains, as well as information and communication services. It generates the majority of its revenue from the Transportation segment.
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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